EU's Foreign Trade Declined in April

EU's Foreign Trade Declined in April

Foreign trade of the European Union (EU) declined in April, when strict coronavirus (Covid-19) measures were strictly implemented. The European Statistical Office (Eurostat) has published global trade data for the EU and the Eurozone for April. According to published data, the export rate of the European Union (EU) decreased by 28.2 percent compared to April 2019 and fell to 125.3 billion euros. The import rate of the EU decreased by 22.7 percent compared to the same period of the previous year and reached 125.1 billion euros. As a result, the EU posted nearly 200m euros in trade surplus in April. In the Eurozone, exports shrank 29.3 percent in April compared to the same period last year and reached 136.6 billion euros. Imports, on the other hand, fell 24.8 percent and fell to 133.7 billion euros. The trade surplus of the Eurozone was about 2.9 billion euros in April. The countries that imported the most from EU countries in the mentioned period are; USA with 23.3 billion euros, 15.3 billion euros with China, with 15 billion euros in Britain, with 9.6 billion euros in Switzerland, with 5.3 billion euros with Russia and Turkey recorded as 4 billion euros. The countries that export to EU countries the most are; China with 29.6 billion euros, USA with 16.9 billion euros, England with 11.6 billion euros, Switzerland with 7.8 billion euros, Russia with 6 billion euros, Japan with 4.3 billion euros and with 3.5 billion euro Turkey was recorded.